In the equation S = Y - C, in order to interpret Y as disposable income, it is necessary to interpret S as ________ saving

In the long run, a firm should exit when:

A) price is less than average total cost. B) price is equal to average total cost. C) price is equal to marginal cost. D) price is more than marginal cost.

New England possessed a comparative advantage in producing cotton. Producers in this region produced cotton at the lowest possible opportunity cost in colonial America

Indicate whether the statement is true or false